Slow Capital Inc. Has $20.42 Million Position in MercadoLibre, Inc. (NASDAQ:MELI)

Slow Capital Inc. raised its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,009 shares of the company’s stock after acquiring an additional 242 shares during the period. MercadoLibre comprises approximately 2.9% of Slow Capital Inc.’s portfolio, making the stock its 9th biggest holding. Slow Capital Inc.’s holdings in MercadoLibre were worth $20,420,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in MercadoLibre by 39.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 235 shares of the company’s stock worth $386,000 after purchasing an additional 67 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of MercadoLibre by 26.7% in the second quarter. The Manufacturers Life Insurance Company now owns 29,194 shares of the company’s stock worth $47,978,000 after buying an additional 6,153 shares during the period. Mackenzie Financial Corp lifted its stake in shares of MercadoLibre by 3.0% in the 2nd quarter. Mackenzie Financial Corp now owns 1,727 shares of the company’s stock valued at $2,838,000 after acquiring an additional 51 shares during the last quarter. Algert Global LLC boosted its holdings in MercadoLibre by 30.0% during the 2nd quarter. Algert Global LLC now owns 390 shares of the company’s stock valued at $641,000 after acquiring an additional 90 shares during the period. Finally, Creative Planning grew its position in MercadoLibre by 44.6% during the 2nd quarter. Creative Planning now owns 6,027 shares of the company’s stock worth $9,904,000 after acquiring an additional 1,859 shares during the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Trading Up 0.1 %

Shares of MercadoLibre stock opened at $1,846.00 on Tuesday. The firm has a market capitalization of $93.59 billion, a price-to-earnings ratio of 65.14, a PEG ratio of 0.96 and a beta of 1.60. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,161.73. The stock has a 50 day moving average of $1,844.29 and a 200 day moving average of $1,913.18. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25.

Analyst Ratings Changes

MELI has been the subject of several recent research reports. BTIG Research lowered their price objective on MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Cantor Fitzgerald dropped their price target on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Redburn Atlantic started coverage on shares of MercadoLibre in a research report on Friday, October 11th. They issued a “buy” rating and a $2,800.00 price objective on the stock. Raymond James upgraded shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 target price for the company in a report on Tuesday, January 21st. Finally, Wedbush reduced their price target on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,241.00.

Insider Transactions at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $1,984.98, for a total value of $99,249.00. Following the completion of the sale, the director now directly owns 238 shares in the company, valued at approximately $472,425.24. The trade was a 17.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.06% of the company’s stock.

MercadoLibre Company Profile

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.